Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Five Below Inc shares valued at $1,858,225 were sold by Vellios Thomas on Jan 19 ’24. At $185.82 per share, Vellios Thomas sold 10,000 shares. The insider’s holdings dropped to 333,697 shares worth approximately $54.39 million following the completion of this transaction.
Also, Anderson Joel D purchased 3,100 shares, netting a total of over 500,650 in proceeds. Following the buying of shares at $161.50 each, the insider now holds 99,656 shares.
Before that, SARGENT RONALD had sold 55 shares from its account. In a trade valued at $10,617, the Director traded Five Below Inc shares for $193.03 each. Upon closing the transaction, the insider’s holdings decreased to 55 shares, worth approximately $15.26 million.
As published in a research note from Gordon Haskett on April 03, 2024, Five Below Inc [FIVE] has been rated down from a Buy to a Accumulate and the price target has been revised to $200 from $210. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late March. As of March 19, 2024, Mizuho has initiated its “Buy” rating for FIVE. Earlier on January 30, 2024, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for FIVE stock which previously was a “an Outperform”.
Analyzing FIVE Stock Performance
During the last five days, there has been a drop of approximately -0.60%. Over the course of the year, Five Below Inc shares have dropped approximately -23.53%. Shares of the company reached a 52-week high of $216.18 on 01/02/24 and a 52-week low of $155.79 on 04/10/24. A 50-day SMA is recorded $187.74, while a 200-day SMA reached $185.56. Nevertheless, trading volume fell to 1.1 million shares from 1.4 million shares the previous day.
Support And Resistance Levels for Five Below Inc (FIVE)
According to the 24-hour chart, there is a support level at 160.64, which, if violated, would cause prices to drop to 158.28. In the upper region, resistance lies at 164.34. The next price resistance is at 165.68. RSI (Relative Strength Index) is 32.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.55, which suggests the price will decrease in the coming days. Percent R is at 75.71%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Five Below Inc subject to short interest?
Stocks of Five Below Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.44 million shares to 4.19 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.63 million shares. A decline of -10.5% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.51 of the overall float, the days-to-cover ratio (short ratio) decline to 7.51.
